Sakneen, the Egypt-based online portal that helps homebuyers search for properties, has raised $1.1 million in a seed funding round, led by Algebra Ventures with participation from Sarwa Capital and Foundation Ventures.

Others who invested in the round were Hem+Spire, a US-based real estate private equity firm; Nakhla VC, a Saudi-based fund; and a number of angel investors from Google, BlackRock and McKinsey, among others.

Sakneen was founded in late 2019 by Ramy Khorshed and Hu...